Amazon Fools Them Again Wall Street was prepared for a lackluster Q1 earnings report from Amazon, and instead the e-tailer announced better than expected results, with sales of $3.02 billion, up 32 percent, and improved earnings of $145 million, up 38 percent from a year ago. International “media” sales of $1 billion (up 31 percent) have now finally surpassed US media sales of $990 million (up 21 percent), the culmination of a growing trend. Profits improved through a reduction in technology spending and a tax change. The company increased their guidance for the rest of the fiscal, now expecting sales […]
